Question

What is the limitation on charges for unit linked products?

a.

Charges can be modified without approval from the IRDA

b.

All charges must have an upper limit specified in promotional material and policy documents

c.

There is no upper limit on any charges

d.

The cap on Fund Management Charges is 200 basis points

Answer: (b).All charges must have an upper limit specified in promotional material and policy documents Explanation:All charges for unit linked products must have an upper limit specified in all promotional material and policy documents.

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Q. What is the limitation on charges for unit linked products?

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